Thursday, October 24, 2013

ObamaCare Trainwreck - Just Another Failed Socialist Scheme

The ObamaCare Trainwreck, predicted by this Blogger and many others, is here. People who have medical insurance are either losing their current coverage, or seeing premiums go up dramatically in 45 states. The real losers in this nightmare are Americans with health insurance provided through their companies that will pay more, Seniors who face rationing because of cuts to Medicare, the Middle Class and the Rich who are paying higher taxes and young people that will pay higher premiums to subsidize older people. The only winners are Obama's PEEP's that will receive highly subsidized medical insurance for little or nothing.

What is lost in the translation is that ObamaCare has nothing to do with improving health care in America. In fact, it will actually reduce the quality of care in the United States. It is instead just another big government Socialist Scheme to redistribute income from the 50% of us that pay all the income taxes in the United States to a portion of the 50% in America that pay no income taxes at all. Obama's goal is to put more people on the dole whether for Welfare, Disability Benefits, Food Stamps, or Medical Insurance to buy votes to create a permanent Socialist majority in government. Let's at least call it like it is.

However, it does not divide. In addition to the current $17 Trillion National Debt with no end in sight, we have another $100 Trillion or more of unfunded liability for Social Security, Medicare, Medicaid, Disability Benefits, ObamaCare and local, state and federal pensions. These programs are all headed toward insolvency and eventual bankruptcy. Even if the Socialists/Communists in Washington confiscated all the wealth in the country, which they would love to do, not just a percentage, there is not enough money to pay for all of these Entitlements.

The rubber will hit the road when the Markets, just say no to our borrowing and that day is coming. When it happens and it will happen, the Federal Reserve will print money to buy US Treasuries, making the dollar worthless, which is already happening. We will see the economic collapse of the United States within the next 20 years. This will lead to Civil Strife on our streets and potentially the dissolution of the United States.

In the mean time, Obama has spent $634 million, the most ever, building the ObamaCare website that does not work. Insurance companies have predicated their premiums on 7 million Americans signing up for ObamaCare. The only people that will sign up will be those getting subsidies. Others that do not qualify for subsidies, will not be able to afford the premiums. They will just have to pay the fines to the IRS Gestapo. It is all going to fall apart. Heads need to roll.